TEHRAN — State media in Iran on Monday reported that Iran's delegation to the UN General Assembly had no talks planned with the United States, after US President Donald Trump said he expected more negotiations. "Iran's delegation in New York has no plans for negotiations with the United States," said the official IRNA news agency, citing an unnamed source close to the group. Trump told media outlet Axios on Sunday that he expected talks to resume soon, a day after he rejected a proposal by Tehran to reopen the Strait of Hormuz within seven days. "Iran's views and positions were conveyed clearly and explicitly to the US side... via a Qatari mediator," IRNA said, adding that the Iranian delegation would return to Tehran on Tuesday. Iran says it presented seven conditions for ending the war and reopening the Strait of Hormuz, a strategic waterway through which roughly 20 percent of the world's oil and gas flowed before the war. The strait lies at the heart of the conflict that began with US-Israeli strikes on Iran in February. Following that attack, Tehran placed a chokehold on the waterway
HONG KONG — Oil prices spiked with bond yields Monday as Donald Trump's rejection of an Iranian offer of a seven-day truce stoked inflation concerns, while stocks were mixed as traders look ahead to the release of key US data. Tehran last week set out a plan at the UN General Assembly for a halt in hostilities that would see the Strait of Hormuz reopened, which would ease a crippling supply crisis that has jacked up costs around the world. The waterway is key to the world's energy supply and is now central to the conflict between the US and Iran, particularly with Houthis seizing Yemen's entire Red Sea coast, including the Bab al-Mandab Strait, a vital shipping lane. However, the US president told reporters outside the White House "I reject their proposal". Still, he told Axios that he expects negotiations to resume. "They want to make a deal, but it is not the deal that I want to make," he told the news platform. "It is what we would have maybe agreed to a year ago." "They overplayed their hand," Trump added, in the interview published Sunday. Citing sources familiar with the matter, Axi
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